Implementation of an agency scheme for accepting payments for a gambling company in Curacao

One of the problems facing the opening of a gambling project is the preparation of the financial part. It is necessary to decide how payments will be made from players. In this article, you can read how to set up payment acceptance in Curacao.    


What is the agency scheme? 

Agency service implies the presence of a certain representative from the company. Agent is a representative who performs certain actions on behalf of the principal. However, there are two possible options.

  • The agent carries out on his own behalf, but at the expense of the principal. In this case, it is possible not to disclose the principal, and, consequently, his beneficiaries.
  • The agent acts on behalf of and at the expense of the principal. 

Agency scheme with a gambling company in Curacao

A gambling project can be registered in Curacao, since this is one of the most attractive regions where you can get a gambling license. Compared to other jurisdictions, the period is rather short, and the license is issued immediately for all types of gambling activities. You can read about other requirements for obtaining a license in our other article “Obtaining a gambling license in Curacao”.

By registering a company in Curacao, she becomes a principal. Then an agent is established, presumably in the country where the gambling activity will be carried out. It is worth remembering that in accordance with the Curacao regulation, it is prohibited to use the license in the USA, France, the Netherlands and some other countries.

The bank account will be opened for an agent located outside of Curacao. All payments will be accepted by this company.

Taxation in Curacao

Another reason why Curacao attracts for obtaining a gambling license is taxation. Profits are taxed and the rate is only 2%. Very low compared to other jurisdictions.  

Thus, the agent scheme consists in the presence of an agent representing the principal. The agent can be registered in any state, and the principal is registered in Curacao. In this case, all payments are accepted by an agent in another jurisdiction. Curacao is suitable for registering a principal, as it has a quick and easy licensing procedure, as well as a low tax rate for income tax. Our team of A4 Law Firm lawyers will help you implement an agency scheme for gambling activities.


Актуальные новости и статьи

Copyright protection for software and computer games is an issue that lawyers often face in connection with the active development of the gaming industry. Computer games are complex objects of intellectual property. Even if the developer registers a trademark and files a patent, some elements can still be used by third parties. The least protected objects include source code, game characters, music, graphics.
Узнать подробнее
Due to the development of cryptocurrencies and the growth of their value, legislators in many countries pay close attention to them and develop appropriate regulation. At the moment, Estonia is one of the most attractive jurisdictions for doing cryptocurrency business.
Узнать подробнее
A marketplace is an online platform designed for buying and selling goods. The marketplace acts as an intermediary between the buyer and seller, providing them with a convenient platform for placing goods and buying them.
Узнать подробнее
With the development of pop culture, the layer of its influence on society increases. At the time of 2021, there is a huge fan base, divided into societies, depending on their favorite work. Accordingly, in order to express their own creative potential, the fan base expresses it in the form of their own interpretation.
Узнать подробнее
Gibraltar is a British Overseas Territory located on the border of Europe and Africa and is an extremely attractive jurisdiction. Gibraltar is currently in the stage of economic growth, attracting a large number of investments from all over the world. Also, this jurisdiction is considered one jurisdiction with a high level of confidentiality and a fairly moderate tax regime. The first step in transferring your assets to Gibraltar is to set up a company. This is quite simple to do compared to other offshore jurisdictions.
Узнать подробнее
In the legislation of the Russian Federation, there is no mandatory requirement for registration of copyright. Copyright arises at the time of creation of the object, therefore, there is no obligation to legally enforce the right. Despite this, attribution disputes are not uncommon for courts, and a deposit procedure exists to avoid lengthy litigation.
Узнать подробнее
In connection with the general transition to online, business owners are increasingly faced with the need to create a website. Online business presentation increases your sales and brand awareness. At the same time, you should take a responsible attitude to the legal registration of relations with the developers of the site, since mistakes in drawing up a contract can lead to extremely negative consequences.
Узнать подробнее
When deciding to block a site, government agencies are required to act in accordance with Federal Law No. 149. This law provides a large number of grounds for blocking any resource. Article 15.1 149-FZ and Decree of the Government of the Russian Federation of October 26, 2012 No. 1101 establish a list of bodies authorized to make a decision on blocking a site, and also introduces a register of sites containing information prohibited in Russia. Any resource for which such a decision has been made is included in this register. Inclusion of a site in such a register means restricting access to it in Russia. Internet providers rely on this registry and, when any site gets there, they suspend access to it.
Узнать подробнее
By pressing the subscribe button I agree to the  Privacy Policy
г.Москва г. Москва, Новоданиловская наб., дом 6, корп. 1, БЦ "Данилов плаза" +7 (499) 841-05-05